Safestore (LON:SAFE) Reaches New 52-Week Low – Should You Sell?

Safestore Holdings Plc (LON:SAFE) hit a new 52-week low on Wednesday . The company traded as low as GBX 591 ($7.29) and last traded at GBX 591 ($7.29), with a volume of 124248 shares changing hands. The stock had previously closed at GBX 601 ($7.41).

Safestore Stock Performance

The company has a quick ratio of 0.90, a current ratio of 0.42 and a debt-to-equity ratio of 42.94. The firm has a 50 day moving average price of GBX 691.51 and a 200 day moving average price of GBX 791.24. The stock has a market cap of £1.29 billion, a PE ratio of 488.43, a price-to-earnings-growth ratio of 2.05 and a beta of 0.86.

Safestore (LON:SAFE) last released its quarterly earnings results on Thursday, January 16th. The company reported GBX 92.40 ($1.14) earnings per share for the quarter. Safestore had a net margin of 118.32% and a return on equity of 13.58%. As a group, research analysts forecast that Safestore Holdings Plc will post 42.6926692 earnings per share for the current year.

Safestore Increases Dividend

The business also recently declared a dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Thursday, March 13th will be given a dividend of GBX 20.40 ($0.25) per share. This is an increase from Safestore’s previous dividend of $10.00. This represents a yield of 3.42%. The ex-dividend date is Thursday, March 13th. Safestore’s dividend payout ratio (DPR) is currently 2,479.34%.

Insider Activity

In other Safestore news, insider Avis Darzins purchased 1,581 shares of the firm’s stock in a transaction dated Thursday, January 16th. The shares were purchased at an average cost of GBX 628 ($7.74) per share, with a total value of £9,928.68 ($12,241.01). Insiders own 2.77% of the company’s stock.

Safestore Company Profile

Safestore is the UK's largest self storage group with 190 stores on 31 October 2023, comprising 133 wholly owned stores in the UK (including 73 in London and the South East with the remainder in key metropolitan areas such as Manchester, Birmingham, Glasgow, Edinburgh, Liverpool, Sheffield, Leeds, Newcastle, and Bristol), 29 wholly owned stores in the Paris region, 11 stores in Spain, 11 stores in the Netherlands and 6 stores in Belgium.